Revenue from the dry bulk shipping segment fell 11.4% to $85.5m from $96.5m in the first half of 2012. Container shipping revenue meanwhile plunged by a quarter to $8.3m from $11.1m previously.
"In 2013, the shipping market continued to struggle with lukewarm demand and flood of tonnage, dragging the global shipping industry into a prolonged period of gloom," executive director Li Hua said in an announcement.
"In the face of such severe market situations, our Group managed to mitigate the adverse impact brought by the flagging market by leveraging on our low-cost advantage, improving our business model and optimising our fleet structure on the basis of our sound and robust management," Li added.
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